Buying a car is not like buying any piece of merchandise. You would probably need a day or two if you are planning to buy a new pair of shoes, but with cars, you would need more than that. Months of savings and you are finally set to buy your dream car, consider getting a new car insurance as well. Problem is, it is not that affordable, as you might think of.
Insurance companies are keen when it comes to scrutinizing your driving records. For instance, if you are an experienced and careful driver, the higher the chance of getting premium discounts. God knows, they prefer people who are unlikely to involve themselves in road accidents. The equation is simple; the fewer the accidents would mean the lesser the payout and therefore the higher their profits.
New car insurances are often subject to high premium rates because of the lack of driving skills. Newbie’s in particular are high-risk drivers as compared to their “senior” counterparts. It is a disturbing fact especially if you are a new driver but do not let this idea trashed your spirit. It is not the end of the world, and before you know, you can find one insurance company that could let you qualify for big discounts – only if you know how to look for them.
Being an experienced driver is not only the single factor that insurance companies are looking for in their computations. The car itself plays a vital role. Does your car have safety features or devices installed? Did you know that this could help bring down the premiums? According to the studies, cars with safety features installed have fewer computed risks than those who do not have. Airbags, anti-theft devices, anti-lock brakes, and four-wheel drive just to name a few.
Additionally, you can get low cost insurance package if you buy a car with lesser risks involve during operation. If you do not want to spend your whole fortune for the sake of insurance, then avoid buying expensive cars such as sports car and those needing high maintenance. If you do, expect skyrocketing premiums rolling in front of you.
You can further avail of discounts if you enroll yourself into defensive driving lessons to enhance your driving skills. Most insurance companies will take this action positively and that you are spending your time and energy to protect your property. In fact, they even encourage their policyholders to enlist into such activities.